economy

economy

Government, Fargo battle over K31 billion claim

Government, Fargo battle over K31 billion claim

Africa-Press - Malawi. The government is embroiled in a legal fight with construction company Fargo over a claim of K31 billion, with Attorney General...
Reserve Bank of Malawi maintains policy rate at 26 percent

Reserve Bank of Malawi maintains policy rate at 26 percent

Africa-Press - Malawi. The Monetary Policy Committee (MPC) of the Reserve Bank of Malawi (RBM) has maintained the policy rate at 26 percent. The policy...
Report says poverty high, government vows action

Report says poverty high, government vows action

Africa-Press - Malawi. The 2024 Malawi African Peer Review Report has described Malawi’s poverty levels as severe. It further indicates that there has been little...
Fuel train comes to Lilongwe in 21 years

Fuel train comes to Lilongwe in 21 years

Africa-Press - Malawi. It was all smiles for residents of Malawi’s administrative capital, Lilongwe, Tuesday as they saw history in the making when the...
Anti-Corruption Bureau, Nicholas Dausi lawyers tussle on evidence

Anti-Corruption Bureau, Nicholas Dausi lawyers tussle on evidence

Africa-Press - Malawi. The Anti-Corruption Bureau (ACB) has revealed that some disclosures in the corruption case against former Homeland Security minister Nicholas Dausi and...
Escom stares at K11billion loss due to low tariff

Escom stares at K11billion loss due to low tariff

Africa-Press - Malawi. The Electricity Supply Corporation of Malawi (Escom) is expected to lose about K11 billion within a year due to failure to...
Rural farmers seek support to combat climate change

Rural farmers seek support to combat climate change

Africa-Press - Malawi. WAS HIT HARD – NtauchiraSubsistence farmers in Ntauchira, Chiradzulu District, are calling for increased government and partner support to mitigate the...
Banks assets grow 641% in 10 years

Banks assets grow 641% in 10 years

Africa-Press - Malawi. Commercial banks in the country registered a steady increase in their combined assets from the year 2000, figures from the Reserve...
Firm launches mobile app to assist farmers

Firm launches mobile app to assist farmers

Africa-Press - Malawi. Hybrid seed manufacturer, Seed-Co Malawi Limited has introduced a mobile Android app to guide farmers on good agricultural practices. Seed Co Managing...
Lazarus Chakwera for harnessing local economic potential

Lazarus Chakwera for harnessing local economic potential

Africa-Press - Malawi. President Lazarus Chakwera has reiterated that his government recognises the importance of prioritising local production of goods and services over consumption. The...